Harworth Group plc, a leading regenerator of land and property for development and investment, announces the sale of three engineered land parcels for future residential development, to national housebuilders, at two of its major development sites in Yorkshire, Pheasant Hill Park and Riverdale Park.
At its Pheasant Hill Park development in Doncaster, Harworth has completed the sale of two parcels of land, totalling 14.9 acres, to Taylor Wimpey. The land, where Taylor Wimpey intends to build out 172 three and four-bedroomed homes over the next two years, forms part of phase three of the scheme. It represents Taylor Wimpey’s second land purchase at Pheasant Hill Park, where it has to date built 96 family homes as part of its ‘Holly Hill’ development following the acquisition of a c. 8 acre site from Harworth in 2015.
In a second transaction, Harworth has sold a 13.2 acre site, representing the fourth phase of the Pheasant Hill Park development, to Barratt Homes, who plan to construct 184 three and four-bedroomed homes over the next two years. Both sales form part of the wider build out of Pheasant Hill Park, which is situated close to Junction 3 of the M18, where Harworth has outline planning consent for 1,200 homes, with over 150 already built. Harworth anticipates development completion by 2027.
Further west in Doncaster, Harworth has completed its first residential land sale at its Riverdale Park development, the former McCormick Tractor factory site. Barratt Homes has acquired an 11.4 acre site, where the construction of 191 homes across a range of tenures will commence later this year. Harworth purchased Riverdale Park in 2015 and has successfully achieved outline consent for 600 homes and 250,000 sq. ft of commercial space. Harworth estimates that Riverdale Park will be built out by 2026.
Peter Henry, Regional Director for Yorkshire & Central at Harworth, commented:
“These deals demonstrate the continued demand for our engineered land product from housebuilders, with Barratt and Taylor Wimpey being regular repeat customers of ours over a number of years. We are particularly pleased with the sale of land at Riverdale Park, which represents Harworth’s first sale of non-former Colliery land, as well as the continued strength of the residential market in Doncaster. As a result, we look forward to 2019 with confidence.”
Duncan Armstrong-Payne, Associate Director for Major Projects at Harworth, added:
“Both sites couldn’t have come forward without the strong support of Doncaster Council, who’ve worked tirelessly on both sites as part of regenerating key gateways into the Borough. Building out our sites supports their continued strong performance in delivering or supporting new housing stock, further showcasing Doncaster as a great place to invest.”
James Poynor, Managing Director at Taylor Wimpey Yorkshire, said:
“At Taylor Wimpey, it is genuinely refreshing to work with the Harworth Group, who share our vision and values, providing much needed quality new homes in the region. We firmly believe that our like-minded relationship is a critical factor in delivering outstanding projects to meet our shared aspirations of creating communities for our customers with a real focus on design, sustainability and innovation, as demonstrated at our recently launched timber frame scheme at Waverley. We look forward to working closely with the Harworth team and delivering many more quality new homes in the future.”
Daniel Smith, Managing Director at Barratt Developments Yorkshire East, added:
“At Barratt Developments, we have an excellent working relationship with Harworth Group and are very pleased to have secured a further two sites in Doncaster. The new developments will offer a range of stylish two, three, and four-bedroom homes, catering to first-time buyers and growing families. Barratt Homes is committed to building high-quality homes, creating new jobs and communities, and supporting economic growth right across the region. The proposed sites in Doncaster will not only do this, but will also help to address the housing shortage in the region and the UK as a whole.”